Stocks traded significantly higher almost everywhere in Europe this morning on renewed optimism over the weekend. China echoed US sources on progress registered towards ending the trade dispute by confirming discussions regarding a “phase one” deal was basically completed on both sides. Investors welcomed the news this morning, betting for a potential final deal to be reached in November.
In addition, investors are also eyeing this week’s Fed meeting where Jerome Powell is expected to announce one last rate cut this year on the grounds of lingering concerns of slower global growth and uncertainty. This double bullish leverage on stock markets will certainly have a positive impact on prices this week and may make a year-end rally possible.
The only European Index trading lower is the FTSE-100 in London where prices remain under pressure following the Pound Sterling surge after France agreed another Brexit extension. In the meantime, the earning season continues with US giants like Alphabet and AT&T reporting results today.
While a student, Pierre Veyret had a passion for the financial markets. At the time, he studied International Trade through the setting up of import / export operations and it was the techniques of hedging against exchange rate risks that helped him to make the link with the financial markets, and all especially that of Forex. It is therefore with the aim of anticipating the price of currencies several months in advance that Pierre quickly turned to different methods of analysis by drawing inspiration and surrounding himself with experts in the field. Shortly after, Pierre decided to specialize in Technical Analysis, a discipline he had the opportunity to practice with real market professionals, thanks to AFATE / IFTA, an association of which he has been an active member for several years. Pierre Veyret is passionate about the field of the financial industry with a particular interest in the various techniques of stock market forecasting. Currently, Pierre is based in the City of London where he works as Chief Analyst. He performs regular interventions on a multitude of asset classes through various media (television, internet and print media).
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© 2019 High Leverage FX - All Rights Reserved.